Latest News, Updates & Breaking Headlines
US President Donald Trump on Friday announced a 100% tariff on pharma products, along with 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on October 1.The announcements came in a series of posts on his social media platform indicating that he remains committed to tariffs beyond…
NEW DELHI: A new study has estimated India’s logistics cost at 8% of GDP, with smaller firms having a higher burden.In 2023-24, for entities with turnover of up to Rs 5 crore, the cost added up to 16% of their output while it was pegged at 7.6% in the case of companies with turnover of…
MUMBAI: Standard Chartered India CEO P D Singh sees the India-Middle East trade corridor as a promising one for adoption of rupee invoicing, even though it’s a gradual shift. “It is picking up in Middle Eastern corridors and could expand in future, much like how Chinese yuan invoicing became common in solar equipment trade,” he…
MUMBAI: RBI has signalled the end of OTP-only second-factor authentication (2FA or AFA) for payments with its Authentication Directions, 2025, issued on Thursday.For consumers, the changes promise fewer bottlenecks and more choice. SMS-based OTPs, prone to delay and interception, will cede ground to biometrics, app-based tokens, or device-native methods such as face ID. Liability for…
CHENNAI: TVS Motor Company has announced the establishment of its global centre of excellence (CoE) for design and engineering in Bologna, Italy. As part of this initiative, TVS Motor has agreed to acquire 100% ownership of Italian automotive design company Engines Engineering. The company said in its stock market notification that it has acquired 100%…
MUMBAI: The sensex fell for the fifth consecutive session on Thursday with foreign funds continuing to sell domestic stocks as trade-related issues with the US continuing to bother all the stakeholders. Since scaling a multi-month high at slightly over 83,000 on Sept 18, a couple of days before the US’s H-1B visa fee hike decision,…
MUMBAI: Firoz Mistry, the older son of the late Cyrus Mistry, has been appointed to the board of Afcons Infrastructure, marking his first directorship in an operating entity of the Shapoorji Pallonji (SP) Group. His appointment comes weeks after his cousin Pallon Mistry was inducted into the Afcons board. The move enhances his role within…
MUMBAI: The price of silver that has been in a bull rally for over three years now, broke above the Rs 1.40 lakh/kg level on Thursday, a new all-time peak in the domestic market after international prices breached the psychologically important $45/ounce mark, a more than 14-year high. A weak rupee also helped the rally…
NEW DELHI: India is seeing a rapid uptake of IoT-based connected devices, with adoption levels rising at an estimated 30% for such systems, driven by a young and tech-savvy population, said Amit Kumar Jaiswal, vice-president, Samsung India R&D. Samsung has unveiled ‘AI Home’, a concept of a connected, intuitive living space that combines intelligence across…
LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its updated…
